Nationwide Retirement Solutions to provide retirement plan services to Whitman Hospital in Washington State
Whitman Hospital in the state of Washington has a new retirement plan provider. Nationwide Retirement Solutions will be providing 457, 403(b) and 401(a) retirement plan services to the hospital. This addition brings the total to seven hospitals in Washington’s Rural Collaborative that have transitioned their retirement plans since last year to Nationwide.
The Rural Collaborative (TRC) is a nonprofit organization with 21 rural hospital members in Washington State. TRC accelerates the evolution of rural healthcare by leveraging the synergy of its members and harnessing the value that a network of rural health systems provides. To this end, TRC is partnering with Nationwide to help TRC members’ employees prepare for and live in retirement through access to high-quality investments, tools and resources. TRC itself transitioned its 401(k) plan to Nationwide.
Whitman Hospital has approximately $17 million in assets under management and more than 400 participants. In total, with the addition of Whitman, Nationwide now provides retirement plan services to the following hospitals in TRC for a total of more than $128 million in assets and more than 2,600 participants: Jefferson Healthcare, Arbor Health, Ocean Beach, Summit Pacific, Snoqualmie Valley and Klickitat Valley.
“The partnership between TRC and Nationwide exemplifies the value that a network of like-minded rural hospitals can provide, not only to the patients they serve, but to their employees as well. During the current public health crisis, it is a joy to be able to honor the healthcare workforce in whatever way we can,” said Dr. Elya Prystowsky, executive director of TRC.
“Nationwide and The Rural Collaborative are proud of the partnership we’ve built together to allow their member hospitals to receive the service and resources of a larger customized plan,” said Scott Ramey, senior vice president of Retirement Solutions Distribution at Nationwide.
Nationwide Retirement Solutions is a business within Nationwide, a Fortune 100 company based in Columbus, Ohio that is one of the largest and strongest diversified financial services and insurance organizations in the United States. Nationwide recordkeeps nearly 34,000 plans and manages and administers more than $173.9 billion in participant assets, helping secure financial futures for more than 2.6 million participants in the governmental 457, corporate 401(k) and not-for-profit 403(b) markets. Nationwide is committed to serving the retirement industry by doing the right thing at the right time through better participant experiences, administrative simplicity and values that translate to service.
Nationwide has received DALBAR’S Customer Experience Excellence Award for the past two years, has won DALBAR’S Plan Participant Service Award for seven consecutive years and has been named to Fortune’s “100 Best Companies to Work For” for seven consecutive years.
Visit nrsforu.com for more information about the tools and services Nationwide provides to retirement plan participants.